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About the Listing CBSLCT-W - 3159770
Excellent opportunity to acquire a cash-flowing multifamily property with two income-producing parking lots in a central city location. The sale includes a four-unit residential building at 220 N. 6th St, with rear parking lot and a separately deeded parking lot located at 221 Church St, creating multiple revenue streams with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms-$900/month, Unit #2: 3 Bedrooms-$1,500/month, Unit #3: 2 Bedrooms-$1,100/month, Unit #4 Studio-Projected $850/month. Landlord currently pays gas heat, water, sewer and trash. Rear parking lots provides steady income with 15 total rented spaces across both parking lots at $60 per space per month ($900/month), plus potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today
Listing Highlights
Status
Active With Contingency
Days on Site
39
Property Type
Multi-Family
MLS ®
PABK2067992
Year Built
1900
Total Square Footage
4,791
Lot/Acreage
0.11
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Stove, Water Heater, Refrigerator
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor: Laminate Plank,Vinyl
- Above Ground Sq Ft: 4791
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Attic
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 0.00 x 0.00
- Zoning: R/C
- Roof: Pitched,Shingle
- Others: Fire Escape,Average
- Sewer: Public Sewer
- Parking Features: Paved Parking,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,628
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
220 N 6th St Reading, PA 19601
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